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Thailand announces $58 billion economic measures to mitigate coronavirus impact

Published 04/07/2020, 04:10 AM
Updated 04/07/2020, 04:15 AM
© Reuters. FILE PHOTO:  The spread of the coronavirus disease (COVID-19) in Bangkok

© Reuters. FILE PHOTO: The spread of the coronavirus disease (COVID-19) in Bangkok

BANGKOK (Reuters) - Thailand's cabinet approved on Tuesday a package of economic measures worth 1.9 trillion baht ($58 billion) to alleviate the impact of the coronavirus outbreak on Southeast Asia's second-largest economy, the finance minister said.

The package includes a law to borrow 1 trillion baht plus central bank measures worth another 900 billion baht in soft loans and support for corporate bonds, Uttama Savanayana told a news conference.

© Reuters. FILE PHOTO:  The spread of the coronavirus disease (COVID-19) in Bangkok

Thailand has confirmed 2,258 cases and 27 deaths since the outbreak began in January.

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